Bitcoin(BTC) recently broke through the 127.05 million KRW mark, once again showing a strong upward momentum. In the past 24 hours, it has increased by 1.02%, and the possibility of breaking through 130 million KRW before the end of the year has increased. Technical analysis indicates that the current resistance level is 130 million KRW. If this level is broken, the highest possible increase is expected to reach 140 million KRW.
Currently, Bitcoin is attempting to rebound within the support zone of the downward channel. However, if it fails to hold the 100 million KRW support line, a short-term correction is also quite possible. Experts emphasize the need for risk management based on resistance and support levels.
Ethereum(ETH) rose 0.48% to 4.24 million KRW, while Ripple(XRP) fell 0.32% to 2,669 KRW. Solana(SOL) is trading at 175,000 KRW, demonstrating strong upward momentum. Especially, Solana is attracting investor attention through ecosystem expansion.
This week, Bitcoin options are about to expire, which could significantly increase short-term market volatility. Options expiration days are usually accompanied by increased trading volume and price volatility. Short-term investors should develop corresponding strategies.
Market experts point out: “Bitcoin is currently approaching the key technical resistance at 130 million KRW. If successfully broken through, it will strengthen the upward trend,” and also advise “to be cautious of market volatility triggered by short-term events such as options expiration.”
Investors should check their positions based on support and resistance zones on the chart. While the upward trend continues, short-term corrections cannot be ruled out, and caution is needed.
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